Press

Länsförsäkringar Bank: Interim Report January-March 2017

Länsförsäkringar Bank is continuing to perform positively with strong net interest income and good underlying cost control. The Bank Business Service unit and the Economic Research Department were transferred from the Parent Company to the Bank Group during the quarter. In addition, three managers were employed at Länsförsäkringar Fondförvaltning to manage internally managed funds. The number of employees increased by 116 individuals...

Länsförsäkringar Hypotek: Interim Report January–March 2017

Länsförsäkringar Hypotek’s retail mortgage operations are continuing to perform strongly and we see an increase in the number of customers and we are successively growing our market shares. The high credit quality of the mortgage portfolio is the result of the conservative credit regulations and the stringent requirements placed on customers’ repayment capacity as well as the quality of collateral...

Länsförsäkringar Bank: Year-end Report 2016

”It is very pleasing to conclude that the positive performance of the bank continued during the fourth quarter and we can once again report our best ever results in the bank’s 20th year of operations. Business volumes increased in all product segments and the profitability of the business improved. Lending growth remained high, with continued high credit quality and low loan losses. Our capitalization is strong, while we are maintaining a highly favorable liquidity situation. We are strengthening our position in the bank market with an increased number of customers and are the fifth largest retail bank in Sweden. The combination of our strong local presence, our market-leading digital services and personal customer meetings again resulted in Länsförsäkringar Bank having the most satisfied retail bank customers according to the Swedish Quality Index (SKI 2016).” Says Rikard Josefson, President of Länsförsäkringar Bank.

Länsförsäkringar Hypotek: Year-end report 2016

”The performance of Länsförsäkringar Hypotek has been very positive during the quarter, and we report a strong operating profit and are successively growing our share of the mortgage market. Our strong local presence and our higher customer satisfaction remain success factors in the form of increased customer inflows. We saw housing prices continue to rise during the year, although the rate of increase has gradually declined. The strong capitalization combined with the high credit quality of our mortgage portfolio results in good access to financing and low financing costs.” Says Anders Borgcrantz, President of Länsförsäkringar Hypotek.

Länsförsäkringar Bank: Interim Report January-September 2016

”Länsförsäkringar Bank continued to perform strongly and we can yet again report our best ever quarterly results. We recorded healthy growth during the period with increased business volumes and further improved market position within all segments. We re-confirmed our position as the bank with the most satisfied customers as we once again rank first in terms of customer satisfaction in the Swedish Quality Index survey of 2016 (SKI). The continued high customer inflow confirms that the customers appreciate our focus on the customer meeting and our strong local presence combined with the market leading digital services within our banking offering.” says Rikard Josefson, President of Länsförsäkringar Bank.

Länsförsäkringar Hypotek: Interim report January-September 2016

”Länsförsäkringar Hypotek continued to perform positively in the mortgage market and reported a very strong operating profit for the period. Lending is growing at a steady rate with sustained high credit quality and continued low level of loan losses. We can see that the number of customers is continuing to grow and we are successively gaining further market shares.” says Anders Borgcrantz, President of Länsförsäkringar Hypotek.